Hardy, Fulton County, Arkansas Property Taxes
Median Hardy, Arkansas effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the Arkansas state median of 0.84%.
Median Hardy, Arkansas home value: $55,675
Median annual Hardy, Arkansas tax bill: $311, $2,089 lower than the national median property tax bill of $2,400.
How are property taxes in Fulton County calculated?
Property taxes in Hardy, Arkansas are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Hardy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hardy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hardy, Fulton County, Arkansas Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.65%
Estimate Property Tax Bill
$362
$336
Property Tax Rates Across Hardy, Fulton County, Arkansas
Local government entities determine tax rates, which can differ significantly across various regions. Each year, counties calculate their necessary budget to maintain services and divide this by the total value of all taxable properties within their area, resulting in the property tax rate. Though the setting of tax rates and budgets involves votes and regulations, this is essentially the annual procedure.
In Hardy, located in Fulton County, Arkansas, the effective property tax rate is 0.65%. This rate aligns with the highest and lowest median tax rates in the state, showcasing a uniformity within this region. When compared to the national median property tax rate of 1.02%, Hardy's rate is notably lower, offering property owners in the area a more favorable tax scenario. Additionally, the national median property tax bill is $2400, which further highlights the affordability for residents in Hardy. Understanding these rates can help property owners make informed decisions about their investments and financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Hardy Tax Rate
0.65%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fulton County Tax Rate
0.75%
Median Effective Arkansas Tax Rate
0.84%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hardy, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72542 | 0.43% | 0.49% | 0.65% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Hardy, Fulton County, Arkansas
When examining property taxes in Hardy, Arkansas, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fulton County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Fulton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hardy.
For example, the median home price in Hardy is $55,675, with tax bills ranging significantly across the county. Zip code 72542 has the highest median home price at $55,675.
Property Tax Assessment Values Across Hardy, Fulton County, Arkansas
Source: Ownwell
$51,550
$72,700
$93,850
Median Hardy Market Value
$55,675
Median Fulton County Market Value
$68,050
Median Arkansas Market Value
$113,950
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hardy, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72542 | $11,410 | $27,625 | $55,675 | $92,275 | $137,290 |
Source: Ownwell
Property Tax Bills Across Hardy, Fulton County, Arkansas
In Hardy, located in Fulton County, Arkansas, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, and local tax rates are applied to this assessed value to determine the tax bill. Homeowners in Hardy experience a median property tax bill of $311, which is significantly lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the area's median home price of $55,675 and the region's tax rates. However, property tax bills can vary, with the 25th percentile at $173 and the 90th percentile reaching $755.
For homeowners looking to reduce their property tax burden, Ownwell offers expert services to help identify potential savings. By appealing inaccurate assessments and securing eligible exemptions, Ownwell ensures that homeowners pay only what they owe, potentially saving hundreds of dollars annually. This proactive approach not only alleviates financial strain but also provides peace of mind.
Median Hardy Tax Bill
$311
Median Fulton County Tax Bill
$483
Median Arkansas Tax Bill
$877
Median United States Tax Bill
$2,400
Property Tax Bills Across Hardy, Fulton County, Arkansas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 72542 | $81 | $173 | $311 | $523 | $755 |
Source: Ownwell